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Lavoro (LVRO) - 2024 Q4 - Earnings Call Presentation
2024-11-01 15:04
FY4Q24 Earnings Presentation Forward Looking Statements 2 The contents of any website mentioned or hyperlinked in this presentation are for informational purposes and the contents thereof are not part of or incorporated into this presentation. Certain statements made in this presentation release are "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of w ...
Lavoro Reports Fiscal Fourth Quarter 2024 Earnings Results¹
GlobeNewswire News Room· 2024-10-31 23:21
Core Insights - Lavoro Limited reported FY2024 revenue of $1.89 billion, a 5% increase year-over-year, driven by market share gains and sales volume growth despite deflationary input price pressures [1][6] - The company experienced a net loss of $154.6 million for FY2024, significantly higher than the previous year's loss of $43.7 million, attributed to declining gross profit and increased finance costs [4][6] - Adjusted EBITDA for FY2024 was $53.4 million, down from $150.1 million in the prior year, reflecting lower gross profit and higher operating expenses [5][6] Financial Performance - FY2024 gross profit decreased by 19% to $268.4 million, with gross margins compressing by 430 basis points to 14.2% due to input price deflation and an unfavorable product mix [3][4] - In 4Q24, consolidated revenue increased by 2% year-over-year to $271.1 million, with Grains revenue growing by 41% to $68.3 million, while Inputs revenue declined by 6% to $202.8 million [8][13] - The Crop Care segment saw a revenue increase of 87% to $19.9 million in 4Q24, driven by strong performance in specialty fertilizers [27][29] Segment Analysis - Brazil Ag Retail segment revenue decreased by 2% to $192.5 million in 4Q24, with Inputs revenue declining by 16% to $124.8 million [17][21] - Latam Ag Retail segment revenue increased by 5% to $65.2 million, with gross profit rising by 10% to $10.4 million [23][24] - Crop Care segment gross profit declined by 29% to $5.8 million in 4Q24, with gross margins dropping to 28.9% from 75.9% in the prior year [28][29] Outlook - For FY2025, Lavoro expects Brazil's Ag inputs retail market to decline by approximately 10%, with projected consolidated revenue between R$8.60 billion and R$9.20 billion [31][32] - The company anticipates Adjusted EBITDA growth relative to FY2024, despite the challenging market conditions [31][32]
Lavoro Sets Fiscal Fourth Quarter 2024 Earnings Conference Call for November 1st, 2024
GlobeNewswire News Room· 2024-10-22 21:00
SÃO PAULO, Brazil, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (Nasdaq: LVRO; LVROW), the first U.S.-listed agricultural inputs retailer in Latin America, will issue its financial results for the fiscal fourth quarter 2024, after market close, on Thursday, October 31, 2024. Lavoro management will host a conference call and audio webcast the following morning at 8:30 a.m. ET (9:30 a.m. BRT) to discuss the results. Conference Call Details Title: Lavoro Fiscal Fourth Quarter 2024 Earnings Conference Call ...
Lavoro Announces New R$310 Million 3-Year FIDC-Fiagro Credit Facility
Newsfilter· 2024-08-03 00:15
SÃO PAULO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (Nasdaq: LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the establishment of a new R$310 million (approximately USD$55 million based on current exchange rates) credit facility with a three-year term, financed through a new Agribusiness Credit Rights Investment Fund (FIDC-Fiagro). The newly established Lavoro Agro Fundo de Investimentos nas Cadeias Produtivas Agroindustriais (FIDCFiagro), establ ...
Lavoro Announces New R$310 Million 3-Year FIDC-Fiagro Credit Facility
GlobeNewswire News Room· 2024-08-03 00:15
SÃO PAULO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (Nasdaq: LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the establishment of a new R$310 million (approximately USD$55 million based on current exchange rates) credit facility with a three-year term, financed through a new Agribusiness Credit Rights Investment Fund (FIDC-Fiagro). The newly established Lavoro Agro Fundo de Investimentos nas Cadeias Produtivas Agroindustriais (FIDCFiagro), establ ...
CORRECTION – Lavoro Reports Fiscal Third Quarter 2024 Earnings Results¹
GlobeNewswire News Room· 2024-06-04 02:25
In a release issued under the same headline earlier this afternoon by Lavoro Limited (Nasdaq: LVRO, LVROW), please note that this version corrects various financial figures to align with the 6-K that was filed this afternoon. The corrected release follows: SÃO PAULO, June 03, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (Nasdaq: LVRO, LVROW), the first U.S. listed pure-play agricultural inputs retailer in Latin America, today announced its financial results for the fiscal third quarter of 2024, which ended on Ma ...
Lavoro (LVRO) - 2024 Q3 - Earnings Call Presentation
2024-06-04 00:12
9 10 8 Reconciliation of Adjusted EBITDA and Adjusted Net Profit (Loss) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------|---------|----------------------------------|---------------------|----------------------------------------------|--------|--------|----------------------------------------------|-------------| | Consolidated Results | | (in millions of Brazilian reais) | Results in BRL \n | 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24 | ...
Lavoro Limited (LVRO) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-06-03 22:20
Lavoro Limited (LVRO) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1,400%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.02, delivering a surprise of -83.33%. Over the last four quarters, the company has not been ab ...
Lavoro Reports Fiscal Third Quarter 2024 Earnings Results¹
Newsfilter· 2024-06-03 20:05
3Q24 revenue grew 6% to $514.2 million. Growth was driven by continued market share gains and volume growth, which mitigated ongoing deflation in input prices throughout Brazil and Colombia. Gross profit decreased -16% to $60.2 million. Gross margins narrowed by -310 basis points to 11.7%, primarily due to the ongoing input price deflation and a less favorable sales mix resulting from a greater proportion of low margin Grain revenue. The Crop Care segment remained a strong performer, with revenue rising 30% ...
Lavoro Reports Fiscal Third Quarter 2024 Earnings Results¹
GlobeNewswire News Room· 2024-06-03 20:05
3Q24 revenue grew 6% to $514.2 million. Growth was driven by continued market share gains and volume growth, which mitigated ongoing deflation in input prices throughout Brazil and Colombia. Gross profit decreased -16% to $60.2 million. Gross margins narrowed by -310 basis points to 11.7%, primarily due to the ongoing input price deflation and a less favorable sales mix resulting from a greater proportion of low margin Grain revenue. The Crop Care segment remained a strong performer, with revenue rising 30% ...